Absa Kenya yesterday unveiled Wezesha Stock to boost inventory management and trading for small and medium enterprises (SMEs).

The real-time digital platform will automate stock financing for retailers as well as provide onboard retailers with capacity, manage stock orders, and unlock access to unsecured stock financing for retailers using data analytics.

“Wezesha Stock is an innovative platform that was born out of conversations with our corporate clients who needed a solution to help them holistically manage supply chain risks within their ecosystems while enhancing the efficiency and liquidity of their supply chain actors to meet their customers’ demands across various business cycles, especially during seasons of peak demand,” said the bank’s Executive, Corporate and Investment Banking, James Agin.

Under its new product, Absa will provide automated credit of between Sh100,000 and Sh10 million to businesses dealing in fast-moving consumer goods, agro-processing, oil marketing, and agro-chemicals.